S&P Global Ratings assigned its 'AA+' long-term rating to the Triborough Bridge&Tunnel Authority (TBTA), N.Y.'s series 2023B payroll mobility tax (PMT) (MTA Bridges and Tunnels) senior lien green bonds. At the same time, S&P Global Ratings affirmed its 'AA+' rating on the authority's senior-lien PMT bonds outstanding and its 'SP-1+' short-term rating on the authority's bond anticipation notes (BANs) outstanding. The outlook is stable. The bonds are secured by pledged revenues consisting of PMT and aid trust account (ATA) revenues. These pledged revenues become subject to a statutory lien immediately when transferred from the state comptroller (who transfers the revenue) to the Metropolitan Transportation Authority (MTA) into their specified accounts. PMT revenues consist of a 0.34% employer mobility tax
